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Unleashing the great potential of Africa’s youth to achieve sustainable development

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FAO Director-General stresses the need to create more jobs for youth and build capacity in rural areas to use digital technologies

Africa’s young people are key to achieving the continent’s sustainable development, but realizing this great potential requires creating more jobs for them, including in the increasingly digitalized agriculture sectors, FAO Director-General José Graziano da Silva, said on Wednesday.

“We need to take action to make agriculture more attractive to young people. They must perceive agriculture as a remunerative and profitable sector and the dissemination of information and communication technologies (ICTs) in rural areas play an important role in this regard,” Graziano da Silva said.

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His remarks came at the opening of the international conference, Youth Employment in Agriculture as a Solid Solution to ending Hunger and Poverty in Africa in Kigali. The two-day event, which is co-organized by the Government of Rwanda, the African Union and FAO, has a special focus on youth employment, ICTs and entrepreneurship.

Other keynote speakers included Rwanda’s Minister of Agriculture and Animal Resources, Geraldine Mukeshimana, African Union Commissioner for Rural Economy and Agriculture, Josefa Leonel Correia Sacko, and the United Nations Industrial Development Organization’s Director-General, Li Yong.

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As Africa’s population grows, so will the demand for food

Graziano da Silva noted that food demand in Africa is projected to grow by more than 50 percent in the coming years due to continued population growth, rapid urbanization, and dietary changes as household incomes rise. The World Bank expects African agribusinesses to create a market worth $1 trillion by 2030.

The agricultural sectors have thus “an invaluable and untapped potential to address the youth unemployment challenge, but it is well-known that young people seeking to gain a decent livelihood from agriculture face numerous constraints,” Graziano da Silva said.

He noted how young people are usually employed on a casual or seasonal basis, with limited access to relevant education and technical training; limited access to finance, information and markets; and low involvement in decision-making processes.

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“These constraints become a bottleneck that also impede young people to start an agricultural business of their own. As a result, young rural people are migrating,” he said.

Preparing young people to enter the job market

“In the coming years, more and more of the agricultural activities and employment will require digital skills,” he said. Cooperatives or other forms of association represent “the best way to provide family farmers and young professionals with technical assistance, capacity building, and access to modern technologies”.

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The FAO Director-General also said that there is a need to “think beyond farm jobs,” and to explore employment opportunities across the agri-food chain. The increasing demand for high-value products in urban areas also offer multiple employment opportunities in processing, distribution, marketing and retailing of food products.

Achieving this requires “a new kind of rural transformation,” which is means equipping rural areas with basic services such as education, health, electricity, internet access and so on. “These services are themselves another important source for employment, especially for women and young people,” Graziano da Silva said.

FAO’s role

The Director-General told conference participants that FAO will continue to strengthen its activities to support countries in realizing the potential of agriculture and food systems to create more job opportunities for youth.

In particular, the FAO can help countries to develop and implement legal and regulatory frameworks and services for youth’s inclusion as well as trainings to young people in  financial literacy, business development and management, as well as in innovative digital finance solutions.

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Senate Approves Tinubu’s $500m Loan for Power Sector Boost

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The Nigerian Senate has approved President Bola Tinubu’s $500 million loan request intended to bolster the operations of the Bureau of Public Enterprises (BPE) to enhance the financial and technical performance of electricity distribution companies, ultimately benefiting citizens.

The endorsement, announced on Tuesday, follows a thorough examination of the report presented by Senator Aliyu Wamakko, who heads the Senate Committee on Local and Foreign Debts overseeing the 2022 – 2024 External Borrowing (Rolling) Plan specifically for the Bureau of Public Enterprises (BPE).

During the presentation of the report, Senator Haruna Manu, serving as the Vice Chairman of the Committee, emphasised the importance for the Senate to duly receive and deliberate upon the report of the Committee on Local and Foreign Debts concerning the 2022 – 2024 External Borrowing (Rolling) Plan for the Bureau of Public Enterprises (BPE).

The $500 million loan constitutes a portion of the $7.94 billion loan originally requested by President Bola Tinubu on November 1st, 2023, within the framework of the 2022-2024 external borrowing plan. In addition to the $500 million, President Tinubu also sought approval for a €100 million loan.

However, during a special plenary session on December 30, the Senate greenlit the borrowing of $7.4 billion after careful consideration of the report furnished by the Committee on Local and Foreign Debt.

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Melinda Gates Resigns from Gates Foundation, Set to Receive $12.5 Billion

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In this file photo taken on September 26, 2018, Bill Gates and his ex-wife, Melinda Gates, introduce the goalkeepers event at the Lincoln Center in New York. Ludovic MARIN / AFP

Melinda French Gates announced Monday she was leaving the philanthropy mega foundation she established with her ex-husband, Microsoft co-founder Bill Gates.

The resignation, which becomes effective on June 7, will leave Bill Gates as the sole chair of one of the world’s most influential and powerful non-governmental organizations.

“After careful thought and reflection, I have decided to resign from my role as co-chair of the Bill & Melinda Gates Foundation,” Melinda French Gates wrote in a statement posted on social media.

The statement gave no reason for her departure, but noted that “under the terms of my agreement with Bill, in leaving the foundation, I will have an additional $12.5 billion to commit to my work on behalf of women and families.”

The couple married in 1994 but announced their divorce in 2021.

They had continued to co-chair the foundation which they established in 2001 with the vast wealth acquired through the success of Microsoft.

With a focus on child poverty and preventable diseases, the foundation has been heavily involved in fighting malaria and in providing toilets and sanitation in poorer parts of the world.

The foundation’s website says it has spent $53.8 billion since 2000, and claims the number of children around the world who die before their fifth birthday has halved in this time.

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Bill Gates thanked his ex-wife for her “critical contributions” to the organization.

“As a co-founder and co-chair Melinda has been instrumental in shaping our strategies and initiatives, significantly impacting global health and gender equality,” he said.

“I am sorry to see Melinda leave, but I am sure she will have a huge impact in her future philanthropic work.”

The organization’s chief executive, Mark Suzman, said its name would change to simply the Gates Foundation — it has been known as The Bill & Melinda Gates Foundation.

“I truly admire Melinda, and the critical role she has played in starting the foundation and in setting our values, she has played an essential role in all that we’ve accomplished over the past 24 years,” he said in a video posted to social media.

“I will miss working with her and learning from her. I look forward to seeing her continued impact.”

 

 

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EFCC calls on banks’ compliance officers to uphold confidentiality

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The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, has urged Compliance Officers of Banks nationwide to refrain from unauthorised disclosure of EFCC’s investigative activities and requests made to banks’ customers.

Speaking through the Acting Zonal Director of the Ibadan Zonal Command of the EFCC, ACE I Hauwa Garba Ringim, during a stakeholders’ meeting with Compliance Officers of Banks in Oyo State on Tuesday, Olukoyede emphasised the detrimental impact such disclosures have on the investigation of financial crimes and the timely filing of corruption cases in court.

Olukoyede expressed concern over the tacit support fraudsters receive from the Nigerian banking sector, highlighting the challenges it poses to the Commission.

He urged Compliance Officers to promptly respond to EFCC’s correspondence with certified true copies of relevant documents, as this facilitates swift investigation processes.

Also, Olukoyede addressed the illegal trading of naira with Point-of-sale (POS) operators, stressing the need to curtail such practices for the benefit of Nigerians.

In response to the chairman’s directives, Compliance Officers assured the EFCC of their unwavering support and commitment to enhancing collaboration between the Commission and banks for more effective anti-corruption efforts.

 

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